Buying Your First Home

Buying your first home is exciting. But it can also feel overwhelming.

At SK Finance Group, we guide you through every step of the process, from understanding your borrowing power to settlement and beyond.

Enquire Now

First Home Buyers

Whether you’re buying to live in or building your first home, we’ll help you access the right loan structure and maximise any government support available.

  • Many first home buyers believe they need a 20% deposit. This is not always the case.

    • You may be able to purchase with as little as 5% deposit.

    • Government schemes may allow eligible buyers to avoid Lenders Mortgage Insurance (LMI).

    We’ll assess your position and structure your loan strategically

  • The First Home Guarantee (previously known as the First Home Loan Deposit Scheme) allows eligible buyers to purchase with as little as 5% deposit without paying LMI.

    Key Points:

    • Available to eligible first home buyers.

    • Income caps apply.

    • Property price caps vary by state.

    • Limited places each financial year.

    We can check your eligibility and secure a spot if available.

  • Depending on your state, you may be eligible for reduced or waived stamp duty.

    In many cases:

    • Full exemptions apply under certain property values.

    • Concessions apply up to higher thresholds.

    • Additional benefits may apply for new builds.

    We calculate your total upfront costs so there are no surprises.

  • You may be eligible for government grants when purchasing or building a new home.

    Common examples include:

    • First Home Owner Grant (FHOG).

    • State-based construction incentives.

    Eligibility varies by state and property type. We’ll confirm what applies to you.Your loan structure matters just as much as your interest rate.

    We review:

    • Fixed rate expiry dates.

    • Break costs (if applicable).

    • Offset and redraw features.

    • Split loan strategies.

    • Principal and interest vs Interest Only.

    The right structure can improve flexibility and reduce risk.

  • Your borrowing capacity depends on:

    • Income

    • Existing debts

    • Living expenses

    • Credit history

    We work with multiple lenders to find competitive options that suit your financial situation. Not just one bank’s policy.

  • Avoiding Common First Home Buyer Mistakes

    We help you avoid:

    • Borrowing beyond your comfort level

    • Choosing the wrong loan structure

    • Missing out on eligible grants or concessions

    • Underestimating upfront costs

    Our role is to protect your long-term financial position. Not just secure a loan.

You’ll know exactly where you stand at every stage.

Why Buy Your First Home Through SK Finance Group?

  • Access to a wide panel of lenders

  • Tailored loan structuring advice

  • Clear explanation of government schemes

  • Ongoing support after settlement

White line graph with increasing trend on black background.
Learn more
Part of a gray sofa with black and beige pillows on it, showing a domestic setting with sunlight coming through a window and a dog's tail visible under the sofa.

Your first home is one of the biggest financial decisions you’ll ever make. We’re here to make it simple, strategic and stress-free.

First Home Buyer Process

01

Initial strategy session

02

Borrowing capacity assessment

03

Pre-approval application

04

Property selection

05

Formal approval

06

Settlement

We are there to guide you at every stage of the process.